The Chinese Government Just Seized Billions Worth of Canadian Real Estate
The Chinese government just seized control of Anbang, one of China’s largest real estate buyers, and now controls billions worth of Canadian real estate.
CIBC Kills Foreign Income Program, Makes Buying Canadian Real Estate Harder
Foreign buyers looking to buy Canadian real estate just got a massive hurdle when obtaining a mortgage, from CIBC – one of the country’s largest banks.
CMHC: A Quarter of Vancouver Real Estate Price Increases Can’t Be Explained
Vancouver real estate prices have been soaring, and the CMHC thinks they know why… for the most part. They still can’t explain almost a quarter of recent gains.
CMHC: More Than Half of Toronto Real Estate Price Increases Unexplained
Toronto real estate prices have been soaring, but how much higher than they should be? The CMHC thinks almost 60% of the gains were unexplained.
More Young Foreign Buyers Are Taking Out Mortgages For Canadian Real Estate… Kind Of
New data from the CMHC shows Canadian real estate is increasingly being bought with mortgages held by foreign buyers. Great insight, but the data is kind of dated, since it’s pre-Chinese crackdown on capital flight.
Juwai Partners To Sell US and Canadian Real Estate To Ultra Rich Asian Investors
The process of buying US and Canadian real estate is going to become even easier for wealthy Chinese buyers. Juwai, China’s largest overseas property portal, is teaming up with a high net-worth investment association, to develop a stronger overseas real estate investment eco-system.
World Economic Forum Questions Canada’s Income Equality and Economic Sustainability
Not seeing the benefits of the booming economy the Canadian government keeps telling you about? Neither does the World Economic Forum, that ranks Canada low for economic inclusiveness.
Canadian Interest Rates Were Raised On Junk Employment Data
Canadian real estate prices are closely related to employment and interest rates. Here’s why we might be looking at employment numbers wrong, and how that may have contributed to a premature rise in interest rates.
Canadians Are Going To See A Huge Reduction of Borrowing Power… On Top of Stress Tests
Canadian real estate buyers, already hammered by the new OSFI mortgage stress test, are going to see their borrowing power reduced even further as rates climb.
Over 81,000 Canadian Real Estate Buyers Would Have Failed The New Stress Test
Canadian real estate would have seen over 81,000 mortgages not qualify if low-ratio stress testing went live last year, here’s what that could mean.
